Removal of Financial Sector from Foreign Investment Negative List Lets “100 Flowers Blossom at Once”: PBOC

A senior official from the Chinese central bank has hailed ongoing efforts to remove restrictions on foreign investment in the Chinese financial sector.

Chen Yulu (陈雨露), deputy governor of the People’s Bank of China (PBOC), pointed in particular to adjustments to China’s foreign investment “negative list” as serving to open up investment in the financial sector.

“In the special management measures for the entry of foreign investment (negative lists) issued this year, the negative list for entry into the financial sector has been officially cleared,” said Chen at the “2020 China International Finance Annual Conference” (2020中国国际金融年度论坛) on 6 September.

“At present the above measures have already seen initial successes, and more foreign investment and foreign invested institutions are currently making an orderly entry into China’s financial markets, creating new circumstances where a hundred flowers blossom at once.

“China is now gradually advancing from a major financial nation to great financial nation.”

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